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Thread: Walmart Gives 500,000 Workers A Raise

  1. #101
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by jmotivator View Post
    A prediction of no change in the Walmart employment numbers is as much a prediction as my prediction of change.
    Did I predict that? Walmart is still growing, and opening new stores. A read recently that they have started to build mini-Walmarts, and I know of at least one Walmart that is just a grocery store, so I would assume that they will keep employing more people. What I don't believe will happen is that Walmart will decrease it's number of employees due to the fact that it's increasing wages. If anything, I would think that they are increasing wages so that they can attract more employees - generally that's what companies do when they are having a difficult time of hiring enough people.

    Hah, no, but I see you are one of those people who doesn't know the meaning of the word "lie".
    I used that word because so many conservatives claim that Obama "lied" when he made predictions that didn't come true. Conservatives seem to have their own special definition of the word "lie", where it means one thing when it comes to Obama, and something totally different when it comes to someone like Rush or Hannity.
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    ...I'm not interested in debating someone who is trolling for an argument....
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    I see a big problem with the idea that whatever the majority wants is OK.

  2. #102
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by cpwill View Post
    That's interesting. So you believe that there are no such things as tax, benefit, or regulatory costs that come along with workers?
    on average, employees cost an addition $7 / hr. (more if health insurance is involved) on top of their wages... 10 bucks an hour equates to between 17 and 18 per hour in total labor cost, per employee. ( this is also a reason why we have seen a dramatic increase in temp workers... employers aren't on the hook for the total labor cost bill)

  3. #103
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by imagep View Post
    Did I predict that? Walmart is still growing, and opening new stores. A read recently that they have started to build mini-Walmarts, and I know of at least one Walmart that is just a grocery store, so I would assume that they will keep employing more people. What I don't believe will happen is that Walmart will decrease it's number of employees due to the fact that it's increasing wages. If anything, I would think that they are increasing wages so that they can attract more employees - generally that's what companies do when they are having a difficult time of hiring enough people.



    I used that word because so many conservatives claim that Obama "lied" when he made predictions that didn't come true. Conservatives seem to have their own special definition of the word "lie", where it means one thing when it comes to Obama, and something totally different when it comes to someone like Rush or Hannity.
    Walmart is adapting to market demands. They are building smaller stores--even their new super centers are smaller--because that is what consumers want. They also have a store that is like Sonic drive-ins. You order ahead and then come in and pick up without ever being able to go into the building. Another thing they are looking at is home delivery of groceries like is seen in the UK, but they are not quite sure how they are going to model that yet.

  4. #104
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by jmotivator View Post
    Sure, and if a cashier ends up costing more than an automated teller which do you think Walmart will choose?
    That depends on a lot of factors. If the public rejects automated checkout systems, then they will continue to use cashiers. Or if the theft rate at automated checkout systems is high, they may very well decide to continue to use human cashiers - redardless of the cost.

    This is absolutely not the case with an unskilled work force. Regardless of the employment rate an unskilled worker can always be replaced quickly. A lot of those unskilled workers are a half step from losing their job to automation as it is.
    If they are eventually going to be replaced with automation, then what's it really matter? And regardless of replaceability, there is still cost to Walmart in hiring and firing and training and retaining employees, so maybe it's cheaper for them to pay a more competitive wage than to lose employees to Lowes or Office Depot or Target.

    Did I say it was due to politics? Seems to me the Obama supporters are the ones trying to paint this as a political move. I am just here to point out that across the board raises rarely is ever end up well for the bottom feeding employees.
    You implied that the only reason Walmart increased wages was due to political pressure, and totally ignored the possibility that they increased wages for economic reasons.

    Indeed they are, just as the layoffs and automation will be a business decision.
    Absolutely.
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    I see a big problem with the idea that whatever the majority wants is OK.

  5. #105
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by sangha View Post
    Competition is one (of many) of the factors that determines what price results in the greatest profits. But the point is, price isn't determined by costs and businesses aren't free to raise prices simply because their costs increase.
    what?

    business are free to raise prices because of cost increases...where did you get the idea they are not?

    costs is a primary determining factor in pricing, but it's not the only factor... so I think I kinda agree with you on that point.

  6. #106
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by CRUE CAB View Post
    Wal Mart prices going up.
    Was that in the article? Or are you just projecting that based upon a tiny purely voluntary wage increase on the part of Walmart?
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by Fenton View Post
    Capitulated ? To what ?

    The lefts BS narratives and their dishonest demonizations of a Corporation that employees thousands of Americans ?

    Their " abuses " are manufactured by the same idiots who believe " Bush lied " about WMD.

    The people that bought into this BS about Wal-Marts " abuses " are the same morons that drone on about the destructive effects of " austerity " and the effectiveness of " stimulus to increase aggregate demand ".

    Capitulated....Lol !!
    Many other companies 'capitulate' by just moving their resources overseas.

  8. #108
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by cpwill View Post
    We are talking about unemployed people. And no, Wal-Mart probably structured this so as to avoid laying off many or even a noticeable amount of those who are already hired - far more likely is that this was done in conjunction with planning to reduce future hiring.

    This is an example of that which is seen V that which is not seen.
    That doesn't seem logical to me. If I were an employer who was planning on not needing as many employees in the future, the last thing I would do is to increase their pay rates. It would make much more sense to have a pay freeze.

    Are you trying to use some of that Rush Limbaugh reverse logic? If you haven't noticed, it doesn't work very well.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  9. #109
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by cpwill View Post
    That's interesting. So you believe that there are no such things as tax, benefit, or regulatory costs that come along with workers?
    Of course there is, and those things would be adjusted for. That's why I indicated that an employee would have to produce MORE than they get paid (or else the employer simply wouldn't offer the job).
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  10. #110
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by cpwill View Post
    If I can hire 10 workers at 7.50 an hour to do the job, it costs me $750/hour (plus other costs associated with labor, say, raising it to $1,000 per hour) to do the job. It also increases my liability risks.

    However, if it would cost me $11500/hour to develop and employ machines to replace them, then hey, it's worth it.

    When all those workers get their pay raised to $10/hour, meaning that my full cost of labor is now 1350/hour for having people do the work..... suddenly the capital investment is more profitable than the human investment.
    Absolutely.

    So now explain to me why Walmart would voluntarily increase it's pay rate, unless it needed workers? If Walmart was planning a massive layoff for any reason, including replacing humans with technology, it would have absolutely no incentive to give pay raises, doing that would actually be counter-productive.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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